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Old 06-22-2008, 12:52 PM  
kane
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Join Date: Aug 2001
Location: portland, OR
Posts: 20,684
I think we could handle $6-$8 per gallon. It wouldn't be pretty and it would put a huge financial strain on the government, but we could handle it. $12-15 would kill us. Everything would cost so much that it would be very difficult for the average working person to afford going to work and buying food and things like that. They would do it, but they would cut out any and all unnecessary things. Our economy is based largely on people buying shit they don't need. When they stop doing that we are in trouble.

All of this could lead to dramatic life changes here where people have to carpool and where more efficient and alternative fuel cars become the norm. All that said I think countries like China and India would feel the hit first. If oil tripled in price they would buckle before we do simply because we have more money and a bigger economy than they do so we could, in theory, last a little longer.

All that said I think what would be more likely to happen is countries like Iran and Saudi Arabia and Venezuela, places that have a lot of oil, would get invaded and that would cause all kinds of a chaos. I don't know if it would cause WW3, but there would be someone that was very unhappy. If the US, Russia and most of Europe agreed to invade and control those countries it would piss China and India off to no end and vice versa if it were the other way around.

Either way it happens it could get ugly out there. We need to start focusing right now on better more efficient ways to do things and develop alternative fuels before this happens.
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